Top VC Firms in Norway
The 25 highest-scoring venture funds headquartered in Norway, ranked from 50 eligible firms on a 110-point composite of portfolio outcomes, deal volume, risk adjustment and cheque-size fit.
FSN Capital invests in growth-oriented Northern European mid-market companies. They focus on supporting management teams to drive operational improvements and sustainable growth, creating long-term value.
Investments
58
Exit Rate
33%
Alive
29
Portfolio Outcomes
Score Breakdown
Focuses on early-stage companies with a strong emphasis on software and developer tools. They invest across Europe and North America.
Investments
172
Exit Rate
9%
Alive
133
Portfolio Outcomes
Score Breakdown
Verdane is a Northern European growth equity investor that partners with tech-enabled businesses to help them scale. They focus on companies with strong digital business models and sustainable competitive advantages, typically investing in sectors like software, energy & resource efficiency, and consumer internet.
Investments
35
Exit Rate
11%
Alive
27
Portfolio Outcomes
Score Breakdown
Investments
25
Exit Rate
11%
Alive
15
Portfolio Outcomes
Score Breakdown
Nysnø Climate Investment focuses on supporting companies that deliver climate-friendly solutions to accelerate the green transition in Norway and globally. They invest in scalable, technology-driven ventures at growth stages with strong potential to reduce emissions.
Investments
46
Exit Rate
2%
Alive
29
Portfolio Outcomes
Score Breakdown
TQ Ventures appears to focus on early-stage consumer and healthcare companies, particularly in Norway and Germany. They invest in Series A and later stages.
Investments
37
Exit Rate
8%
Alive
27
Portfolio Outcomes
Score Breakdown
Investments
26
Exit Rate
3%
Alive
24
Portfolio Outcomes
Score Breakdown
Investments
5
Exit Rate
0%
Alive
3
Portfolio Outcomes
Score Breakdown
Investments
13
Exit Rate
0%
Alive
13
Portfolio Outcomes
Score Breakdown
Investments
30
Exit Rate
0%
Alive
26
Portfolio Outcomes
Score Breakdown
Alliance Venture is a Nordic venture capital firm that invests in early-stage technology companies with a focus on sustainability and digitalization. They look for companies with strong teams, scalable business models, and the potential to disrupt traditional industries.
Investments
73
Exit Rate
0%
Alive
61
Portfolio Outcomes
Score Breakdown
Invests in companies that can contribute to Equinor's energy transition goals. Focuses on renewable energy, carbon capture, and energy efficiency technologies.
Investments
19
Exit Rate
5%
Alive
15
Portfolio Outcomes
Score Breakdown
Investments
5
Exit Rate
0%
Alive
5
Portfolio Outcomes
Score Breakdown
Investinor invests primarily in Norwegian startups, focusing on life sciences and innovative technology companies at seed to growth stages. Their aim is to support scalable businesses that contribute to sustainable long-term value creation.
Investments
91
Exit Rate
2%
Alive
84
Portfolio Outcomes
Score Breakdown
Investments
10
Exit Rate
9%
Alive
10
Portfolio Outcomes
Score Breakdown
Investments
44
Exit Rate
4%
Alive
13
Portfolio Outcomes
Score Breakdown
Investments
17
Exit Rate
6%
Alive
15
Portfolio Outcomes
Score Breakdown
Investments
16
Exit Rate
0%
Alive
14
Portfolio Outcomes
Score Breakdown
Investments
16
Exit Rate
7%
Alive
18
Portfolio Outcomes
Score Breakdown
Investinor AS focuses on accelerating Norwegian and international technology companies with global potential through growth capital in early to growth stages. They invest primarily in sectors with strong innovation and scalability, including energy, industrial tech, and healthtech.
Investments
119
Exit Rate
2%
Alive
88
Portfolio Outcomes
Score Breakdown
Orkla Ventures invests in early-stage companies within the branded consumer goods space, focusing on sustainable solutions and disruptive technologies.
Investments
25
Exit Rate
12%
Alive
18
Portfolio Outcomes
Score Breakdown
Investments
8
Exit Rate
0%
Alive
9
Portfolio Outcomes
Score Breakdown
Norvestor invests in growing companies with scalable business models in the Nordics, focusing on technology, industrial tech, and healthcare sectors to accelerate value creation and support sustainable growth.
Investments
71
Exit Rate
0%
Alive
46
Portfolio Outcomes
Score Breakdown
Investments
13
Exit Rate
0%
Alive
12
Portfolio Outcomes
Score Breakdown
Investments
10
Exit Rate
0%
Alive
8
Portfolio Outcomes
Score Breakdown
Methodology
What the score measures, who is eligible, and what it deliberately excludes.
- How is the Brouky score for Norway calculated?
- Each firm is scored out of 110 points across four measured components: portfolio outcomes (40), deal volume (30), risk adjustment (25) and cheque-size fit (15). The score is computed from tracked investments and portfolio company status. It is not editorial and firms cannot influence it.
- Which firms are eligible for the Norway ranking?
- Venture and corporate venture funds headquartered in Norway with at least 5 tracked investments. 50 firms qualify; the top 25 are listed. Angel investors, family offices, banks, accelerators and government vehicles are excluded because they are scored on a different basis and are not comparable.
- How often is the ranking updated?
- Scores are recomputed as new investments and portfolio outcomes are recorded, and this page refreshes daily.
- My fund's data looks wrong. Can it be corrected?
- Yes. Claim the fund's profile on Brouky to review the underlying investments and portfolio records, and the score updates from the corrected data.